Job Market Essay

Submitted By ningzgn
Words: 766
Pages: 4

My partner Gary wants to be a accountants and auditors in the future. There are four major categories of accountants: public, management, government accounting and internal auditing. All categories are similar in that they all prepare, evaluate, and confirm financial information and relay this information to their clients. Those who file reports with the U.S. Securities and Exchange Commission must become Certified Public Accountants. Most accountants and auditors work in a typical office setting. Some may be able to do part of their work at home. Accountants and auditors employed by public accounting firms, government agencies, and organizations with multiple locations may travel frequently to perform audits at branches, clients, places of business, or government facilities. There are currently 172,300 Accountants and Auditors workers in the United States. The continued globalization of business should lead to increased demand for accounting expertise and services related to international trade and international mergers and acquisitions. According to the article, employment of accountants and auditors is projected to grow 13 percent from 2012 to 2022, about as fast as the average for all occupations. Over the five years to November 2018, the number of job openings for Accountants is expected to be greater than 50,000. Job openings can arise from employment growth and people leaving the occupation. In general, employment growth of accountants and auditors is expected to be closely tied to the health of the overall economy. As the economy grows, these workers will continue to be needed to prepare and examine financial records. Also, 28 percent of businesses are planning to boost their hiring of accountants and other finance professionals in the near future. Because the market for accounting and finance talent is more competitive than ever, Accounting Principals ranked the careers within the accounting and finance profession that have the highest total projected job gains. According to the report, median annual earnings of wage and salary accountants and auditors were $54,630. The middle half of the occupation earned between $42,520 and $71,960. The top 10 percent earned more than $94,050, and the bottom 10 percent earned less than $34,470. According to a salary survey conducted by the National Association of Colleges and Employers, bachelor’s degree candidates in accounting received starting offers averaging $46,718 a year in 2006; master’s degree candidates in accounting were offered $49,277 initially. As financial regulations become stricter, there will be greater demand for these workers to maintain books and provide accounting services. Accounting enrollments and degrees awarded continue to grow, especially in Bachelor’s degree programs. A total of 240,380 students were enrolled in accounting programs in 2011-12, a 6% increase from 2009-10. There were 61,334 bachelor’s degrees in accounting awarded in 2012. The large difference between hiring numbers and degrees awarded stems from the fact that many graduates pursued master’s degrees or found jobs not tracked by the survey, such as in private business or government. As technology and…